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LNF
LOJM
LNF- London Finance & Investment Group P.L.C.- Interim Management Statement
London Finance & Investment Group P.L.C.
(Incorporated in England - No. 201151)
Code : LNF ISIN: GB0002994001
INTERIM MANAGEMENT STATEMENT
Lonfin today reports on its performance to date.
Since the 31st December 2011, our net assets per share, including investments at
market value, increased by 3.8% from 32.7p to 33.93p at 30th April 2012. The
Company`s General Portfolio of equities increased in value by 6.4% compared to
an increase in the Eurofirst 300 index of 5.0%. The value of our Strategic
Investments: Western Selection P.L.C., Finsbury Food Group plc and MWB Group
Holdings Plc increased marginally in the period with a 10.5% rise in the value
of our holding in Western Selection P.L.C. offset by falls in the other two
holdings.
Following the disposal of the London investment property earlier this year, we
have recently started to invest the sale proceeds in blue chip stocks held in
our General Portfolio. This will be a gradual process as the aim is to buy the
shares at what the Board considers to be good value.
The Board remains cautious about the remainder of the Company`s financial year
given the continuing uncertainty in the Euro-zone.
Enquiries to:
London Finance & Investment Group
P.L.C.
Edward Beale 020 7448 8950
Notes to Editors:
- Lonfin is an investment company whose assets primarily consist
of three Strategic Investments and a General Portfolio.
Strategic Investments are significant investments in smaller UK
quoted companies and these are balanced by a General Portfolio,
which consists mainly of investments in major U.K. and European
equities.
- Its strategic investments comprise: Western Selection P.L.C.,
MWB Group Holdings Plc and Finsbury Food Group plc. Western
Selection P.L.C. has strategic investments in Creston plc,
Swallowfield plc, Northbridge Industrial Services plc and
Hartim Limited.
18 May 2012
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 18/05/2012 12:30:00 Produced by the JSE SENS Department.
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